IRR on property A is around 40% if everything keeps going smoothly.

The caveat I should mention in this is that I have been a full-time agent/broker for the last 12 years, and I've had a bunch of recent experience with SFR flips and some small commercial deals in my area, so It's been an easier transition for me than it would be if you were just learning about real estate in general.

After we close on the acquisition, my main job is writing checks to cover the monthly loan payments and corresponding with the flipper/investor I partnered with to make sure things are moving along smoothly.

Not enough to scare the tenant away, but just enough to keep the ship sailing smoothly.

@Jay Hinrichs I would say I have B-level rentals; modestly updated, but in 'transitional' neighborhoods, and old buildings.

Wholesale) which has gone very smoothly so far and is set to close next week.

Any house under $50k and your buyers will have a harder time getting funded than higher priced houses.Most wholesalers eventually transition to buying income producing properties for long-term security. 

If your lucky some companies just put a sheet of plywood over the windows and then smooth over with cement.

Hope it goes smoothly!

You can even buy older homes that may need some work for $60,000 in areas that demand about $750-$850 in rent--and they are located near downtown which is going through major transition from low income -- up.